Vuma Biofuels
Date | Investors | Amount | Round |
---|---|---|---|
* | €250k | Debt | |
* | $500k | Seed | |
Total Funding | €455k |
Recent News about Vuma Biofuels
EditVuma Biofuels is a pioneering company based in Kenya, specializing in the production of bagasse briquettes under the brand name VumaBriqs. These briquettes are made from discarded sugarcane husks and serve as a sustainable alternative to traditional firewood, primarily targeting the industrial sector. By offering a cleaner biomass energy product, Vuma Biofuels aims to mitigate deforestation and reduce carbon emissions in Kenya and East Africa. The company operates in the renewable energy market, focusing on large-scale industrial users who require reliable and eco-friendly fuel sources for their boilers.
Vuma Biofuels generates revenue by manufacturing and selling VumaBriqs to industrial clients who are looking to replace firewood with a more sustainable option. The business model revolves around the production and distribution of these briquettes, which are not only better for the environment but also offer superior performance compared to traditional firewood.
In addition to its environmental benefits, Vuma Biofuels is committed to social impact. The company has created over 100 jobs in rural western Kenya, providing year-round employment opportunities with training, benefits, and pathways for promotions. This initiative is aimed at fostering economic development in a region where subsistence farming is predominant and viable income opportunities are scarce.
Keywords: bagasse briquettes, industrial fuel, sustainable energy, biomass, deforestation, carbon emissions, renewable energy, Kenya, job creation, economic development.